YOUTH PWR NETWORK CIC
YOUTH PWR NETWORK CIC
YOUTH PWR NETWORK CIC
Company Registration Number:
11914380 (England and Wales)
Unaudited statutory accounts for the year ended 31 March 2023
Period of accounts
Start date: 1 April 2022
End date: 31 March 2023
YOUTH PWR NETWORK CIC
Contents of the Financial Statements
for the Period Ended 31 March 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
YOUTH PWR NETWORK CIC
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
YOUTH PWR NETWORK CIC
Profit And Loss Account
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
YOUTH PWR NETWORK CIC
Balance sheet
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | ( | ( | |
Creditors: amounts falling due after more than one year: | | | |
Provision for liabilities: | | | |
Accruals and deferred income: | | | |
Total net assets (liabilities): | ( | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Share premium account: | | | |
Other reserves: | ( | ( | |
Profit and loss account: | | | |
Total Shareholders' funds: | ( | ( |
The notes form part of these financial statements
YOUTH PWR NETWORK CIC
Balance sheet statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
YOUTH PWR NETWORK CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102
YOUTH PWR NETWORK CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
-
2. Employees
2023 2022 Average number of employees during the period 1 2
YOUTH PWR NETWORK CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
3. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2022 | | | | | | |
Additions | | | | | | |
Disposals | | | | | | |
Revaluations | | | | | | |
Transfers | | | | | | |
At 31 March 2023 | | | | | | |
Depreciation | ||||||
At 1 April 2022 | | | | | | |
Charge for year | | | | | | |
On disposals | | | | | | |
Other adjustments | | | | | | |
At 31 March 2023 | | | | | | |
Net book value | ||||||
At 31 March 2023 | | | | | | |
At 31 March 2022 | | | | | | |
YOUTH PWR NETWORK CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
4. Debtors
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
Debtors due after more than one year: | | |
YOUTH PWR NETWORK CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
5. Creditors: amounts falling due within one year note
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
COMMUNITY INTEREST ANNUAL REPORT
YOUTH PWR NETWORK CIC
Company Number: 11914380 (England and Wales)
Year Ending: 31 March 2023
The activities of the company have benefited the community in so many ways, as the company was able to organize recreational and leisure activities to its beneficiaries, which developed and improved their levels of personal and social responsibility thereby creating a friendly and inclusive environment where young people feel a sense of belonging, self-worth and personal satisfaction through participation and peer interaction. The company provided training and support in areas such as IT, digital media as well as organizing workshops to raise awareness on various subject matters that are related and are of interest to young people such as mental health, crime and youth violence, career and employability among others, and in doing so, creating exciting experiences that will empower young people to do things far beyond what they think is possible, while deepening their own sense of empowerment, confidence and self-esteem.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 August 2023
And signed on behalf of the board by:
Name: Ayooluwa Adeogun
Status: Director